What 13 Analyst Ratings Have To Say About Ovintiv
Portfolio Pulse from Benzinga Insights
Ovintiv (NYSE:OVV) has received mixed analyst ratings over the past three months, with a recent trend of lowered price targets. The average 12-month price target is now $55.92, down from $59.69. Ovintiv's financials show a decline in revenue but strong net margin, ROE, and ROA. However, the company faces challenges with a high debt-to-equity ratio.
September 30, 2024 | 6:00 pm
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Ovintiv has received a mix of bullish and bearish analyst ratings, with recent trends showing lowered price targets. The average target is now $55.92, down from $59.69. Financially, Ovintiv shows strong net margin and ROE but faces revenue decline and high debt-to-equity ratio challenges.
The majority of analysts have lowered their price targets for Ovintiv, indicating a bearish sentiment. The company's financials show a decline in revenue and a high debt-to-equity ratio, which are negative indicators. Despite strong net margin and ROE, the overall sentiment and financial challenges suggest a likely short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100